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Taxes? rates are going to go up for wealthier americans, period? >> yes. because there's no way, there's no way to do anything other than hurt the middle class if we don't do that. >> chairman, when you hear that, do you think right after this election, as we face a debt ceiling negotiation, all of these cuts that are going to go into effect, you're looking at another standoff here over taxes? >> well, there's one more example of how the president disagrees with bowles/simpson. bowles/simpson says reduce tax rates across the board by closing special interest loopholes. the reason people like m...

Election, as we face a debt ceiling negotiation, all of these cuts that are going to go into effect, you're looking at another standoff here over taxes? >> well, there's one more example of how the president disagrees with bowles/simpson. bowles/simpson says reduce tax rates across the board by closing special interest loopholes. the reason people like me didn't support bowles/simpson it ignored health care, the drive of our debt. we put up alternatives. the president hasn't offered a single solution to fix this debt crisis, to deal with this tax explosion that happens at the end of the year. ...

This debt crisis, to deal with this tax explosion that happens at the end of the year. more importantly he's disavowed any other alternative. that's how you get to compromise, david. you pass what you believe. the senate passes what they believe. you compromise. that isn't happening because the president and his party leaders in the senate are refusing to do anything to address this debt crisis. what's going to happen at the end of the year i think will largely be determined by who wins this election. this election is going to be a great choice of two contrasting visions -- the president's app...